Recent News

More Toys “R” Us stores went up for sale. Here’s what’s moving in Another round of closing Toys R Us shops has been bid on. Successful bidders include Aldi, Big Lots and Ashley Furniture, according to court documents filed Wednesday. The toy retailer, which filed for bankruptcy late last year, had more than 800 locations […]

Birmingham’s next BIG development: District 31 District 31 is a stunning retail project designed to be nothing less than the premier shopping destination in the fastest growing area of Birmingham. Located at the prominent corner of I-65 and US Highway 31 in Alabaster, Alabama, this Power Lifestyle Destination Center will bring together a creative mix […]

A MUCH NEEDED RENAISSANCE Consumer expectations are changing retail real estate for the better. The future success for retailers is now dependent on investments in technology, data analytics, innovations and customer service. As the 30,000-plus ICSC RECon attendees can already attest, retail is not dead, it is in a renaissance. This renaissance is a transition […]

Retail Specialists developing a New Home

Five Points South warehouse finding new life as 2200 Magnolia

Anchoring a distinctive angled corner near Five Points South, the Family Services Laundry Building may have looked like an old brick warehouse to many passersby – but developer Mike Mouron saw potential as soon as he stepped inside.

The 92-year-old structure is one of three Birmingham projects that received a 2018 Alabama Historic Rehabilitation Tax Credit allocation. This development was awarded almost $1.67 million of the $12 million allocated for urban districts.

The Birmingham Business Journal describes Retail Specialists as one of Birmingham’s fastest-growing real estate firms, and Retail Strategies is its complementary consulting firm. The companies will occupy about 60 percent of the 30,000 square-foot space; Capstone is looking for the right tenants to fill other 12,000 square feet.

Retail Strategies and Retail Specialists are thrilled to be expanding into a new office space in the Five Points South neighborhood of Birmingham. Estimates are that the renovation will be ready in late Fall of 2018.